Implementation of digital currency entity

2. What do you mean? Which country's policy is this? I don't understand. Anyway, China doesn't have this policy. There is no legal digital currency. This concept hasn't appeared in China. Sometimes other countries don't know.

3. RMB is the legal currency of our country, and it is the currency symbol with purchasing power stipulated by our country's law. The relevant laws of our country have made detailed provisions on the monetary system, which are as follows: 1) the monetary material is stipulated, and the currency of our country is made of paper material. 2) the monetary unit is stipulated, and the monetary unit of our country is mainly yuan with Jiao Fen; China's RMB has unlimited legal compensation capacity (it means that the law stipulates that a currency has unlimited payment capacity, no matter how much it is in each payment, and no matter what kind of payment it belongs to, the other party shall not refuse to accept, otherwise it will be regarded as illegal.) 3) it stipulates the issuance of currency, China's currency is issued exclusively by the people's Bank of China. No other unit or indivial is allowed to print RMB. The issuance of RMB is not to issue as much as they want. This has its own law. This law is called the necessary amount of money or the demand for money, It is equal to the total number of goods multiplied by the total price of goods (the value of goods) divided by the circulation speed of money (that is, the circulation times in a certain period of time). For example, if the total value of goods in society is 1000 and the circulation speed of money in a certain period of time is 10, then the necessary quantity of money is 100. The central bank can issue money according to this quantity, If the central bank's circulation is higher than this amount, the money supply in the market will exceed the money supply, leading to currency devaluation, price rise, and inflation. After the issuance of the people's currency, the bank will issue it to commercial banks in the form of loans, Commercial banks then put money into the society in the form of loans. The issuance of US dollars is basically the same, because these laws are the objective laws of human economy and society, which are not transferred by one person's consciousness, and no matter what social form they are, they must abide by this law. The purpose of reserving US dollars is to provide guarantee for the stability of the value of RMB, In other words, once the supply of RMB in the market changes (because the market is constantly changing, the supply of money can not be completely consistent with the necessary amount of money), RMB can not automatically withdraw from the circulation field, but continue to be full of it, This requires a currency that can be generally accepted by all countries in the world, and the US dollar is the most acceptable currency for all countries in the world. With the development of China's economy, foreign trade is developing rapidly. In this case, we should have sufficient foreign exchange to ensure the smooth progress of our foreign trade

4. Digital currency is an unregulated and digital currency, which is usually issued and managed by developers and accepted and used by members of a specific virtual community. The European Banking authority defines virtual currency as a digital representation of value, which is not issued by the central bank or authorities, nor linked with legal currency. However, because it is accepted by the public, it can be used as a means of payment, or it can be transferred, stored or traded in electronic form

warm tips: this information does not constitute any investment proposal, investors should not use this information to replace their independent judgment or make decisions only based on this information, and does not constitute any trading operation
before investing, it is recommended that you first understand the risks existing in the project, and clearly understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market
there are risks in entering the market, so investment should be cautious. Before making any investment, you should make sure that you fully understand the nature of the investment and the risks involved in the proct. After a detailed understanding and careful evaluation of the proct, you can judge whether to participate in the transaction
response time: November 25, 2020. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html